I cannot close currency balances in IB TWS

Discussion in 'Interactive Brokers' started by Maverick2608, Dec 17, 2021.

  1. I cannot close currency balances in IB TWS.

    When I try (using FXCONV) I get this error message: "FX trade would expose account to currency leverage."

    But I have only invested 10% of Net Asset Value.

    Has anyone tried the same?
     
  2. looks like a cash account. factor in commission or leave a small residual balance if you can't use leverage.
     
  3. traider

    traider

    Can't close account because I owe IB 10 Yen
     
  4. Snuskpelle

    Snuskpelle

    Yeah I have an old IB account with weird currency balances around as well. I've simply ignored it for a few years, intend to deal with it at some point if returning to use IB again.
     
    Onra likes this.
  5. Using a small residual balance worked. However, it is not a cash account. Don't know why I can't use FX leverage after being moved to Ireland.
     
  6. qwerty11

    qwerty11

    Irish law I guess?
     
  7. the irish have laws?